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Preparing to end the payroll year

Preparing to end the payroll year

Preparing to end the payroll year Whether you prepare payroll in-house or outsource the task, there are a few end of year items that should be completed. Update employee contact information:  Make sure that you have correct and complete social security numbers and...
Year-end tax planning for individuals

Year-end tax planning for individuals

Year-End Tax Planning for Individuals …Higher-income earners must be wary of the 3.8% surtax on certain unearned income. The surtax is 3.8% of the lesser of: (1) net investment income (NII), or (2) the excess of modified adjusted gross income (MAGI) over a...